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Describe the impact of competition policy on an organisation

Describe the impact of competition policy on an organisation

Answers

Lydia
? Cannot collude with other organisations to fix prices eg cartel
o Cannot fix the bid for tendering on projects with other firms
? Cannot use market power to pay unfairly low prices to suppliers
? Prevents monopolies occurring
o Block mergers and take-overs that are deemed anti-competitive
o Enforcing the selling of divisions/branches/premises eg divestment
? May be forced to change prices
? May be fined for anti-competitive behaviour
lydiajane74 answered the question on May 31, 2018 at 17:41

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